ILWs

Guy Carpenter has said that estimates of between five and 10 catastrophe bond transactions in the second quarter of 2010 are not unreasonable, in a market review. The company predicts total issuance for the year of between $3bn and $5bn, which is likely to outstrip the $3.5bn issued in 2009.

In our regular ILW quarterly update, Willis Re executive director Henry Kingham sees capital markets capacity flooding the ILW market, but Chile halts the price decline...

The Perils European industry loss index is facing its first live loss assessment since its launch in December last year, as it races to collate loss data from last month's European Windstorm Xynthia.

Industry loss warranty (ILW) brokers have experienced a rise in demand for ILW cover outside of the peak zones after the magnitude 8.8 earthquake that rocked Chile on 27 February.

The Chicago Mercantile Exchange (CME) and Insurance Futures Exchange Services (IFEX) are believed to be in talks with risk transformer vehicles to offer exchange-traded insurance derivatives in (re)insurance form.

Swiss Re has launched four new tranches of its long-running Successor series of cat bonds, including one European wind tranche triggered by untested industry loss index Perils.

The Royal Bank of Scotland (RBS) and US broker-dealer Guggenheim Securities are both planning to launch transformer vehicles in Bermuda.

Swiss Re has launched four new tranches of its long-running Successor series of cat bonds, including one European wind tranche triggered by untested industry loss index Perils, Trading Risk can reveal.

Dedicated insurance-linked derivatives broker Myrias LLC has ceased to trade, closing its screen-based trading platform from 22 January.

Andreas Kusay - ex-Manulife executive and mooted head of proposed $100mn+ collateralised retro vehicle Equinox - has joined cat futures trading platform IFEX as a consultant to promote its event-linked futures (ELFs).

The price of US wind industry loss warranty (ILW) instruments has fallen by up to 40 percent year-on-year for the 1/1 renewal season, with average rates on line (RoL) reducing around 25 percent over the prior year across all perils.

Risk Management Solutions (RMS) has officially launched its third natural catastrophe index under the Paradex banner - Paradex US Earthquake (PUSEQ).